Based in Manhattan Beach, Calif., Caves & Associates is an independent
RIA firm specializing in financial planning and wealth management. The
firm was founded by Preston S. Caves MBA, CFA, in 1983 to provide
clients with comprehensive customized portfolio construction and
investment management services. Preston will assume the role of
Consultant at EP Wealth, and Co-owner and Senior Planner, Sandra Gafney
MBA, CFP®, will serve as a Wealth Advisor.

“Caves & Associates brings a storied history to our firm and is well
known for taking the same personalized approach to financial planning
and investment management as EP Wealth,” said Patrick Goshtigian, CFA,
President and CEO of EP Wealth. “As Preston looked to establish his
firm’s long-term legacy, he sought a partner who mirrors his approach
with clients and who prioritizes educating and empowering them. EP
Wealth shares that vision and we’re pleased to welcome Preston and his
team.”

“After significant research and consideration, we decided to merge with
EP Wealth. We wanted to find the right cultural fit for our clients and
our team,” said Preston. “EP Wealth’s resources will allow us to
increase our service offering, as well as provide a sound succession
plan for our team’s leadership, so that our clients will continue to
have stable, high quality, independent financial advice for years to
come.”

EP Wealth and Caves & Associates share a common history, as both firms
were influenced by Stephanie Enright, CFP®. Enright, an early financial
planning leader in Southern California, mentored Preston as a young
adviser and later worked with EP Wealth Co-Founders and Managing
Directors, Derek Holman, CFP®, AIF®, and Brian Parker, CFP®, after they
partnered with Enright’s $130 million AUM firm in 2004. She cultivated a
client-first mentality in her practice, which Preston, Derek and Brian
credit as an inspiration for their current approach.

This is EP Wealth’s fourth acquisition in the last 14 months. The firm
acquired Private Capital Management Associates in San Mateo, Calif. in
June 2017, and Millie Capital Management of Walnut Creek, Calif. and
Donnelly Wealth Advisors of San Diego earlier this year. Today’s
transaction is EP Wealth’s third since taking a minority investment from
Wealth Partners Capital Group, a financial services holding company, in
July 2017.

The acquisition of the $191 million RIA closed on September 7, 2018 and
bolsters EP Wealth’s comprehensive financial, investment and estate
planning expertise. Financial and legal terms of the deal will not be
disclosed.

About EP Wealth Advisors

EP Wealth Advisors, LLC (“EP Wealth”) is a fee-only registered
investment adviser and financial planning firm based in Torrance,
Calif., with additional offices in the San Francisco Bay area, San
Diego, West Los Angeles and Irvine, Calif., Seattle and Denver. The firm
manages more than $4 billion in AUM as of June 30, 2018 and provides
client-centric financial planning and investment management services to
individuals and businesses. EP Wealth is led by Co-Founders and Managing
Directors Derek Holman, CFP®, AIF® and Brian
Parker, CFP® and President and CEO Patrick Goshtigian, CFA.For more information, please visit www.epwealth.com.

About Wealth Partners Capital Group

Wealth Partners Capital Group (“WPCG”) is a financial services holding
company, which has invested in and partnered with EP
Wealth Advisors. WPCG is focused on identifying and integrating
like-minded registered investment advisers who are seeking access to
expanded business capabilities, strategic growth and customized
transition solutions. The WPCG management team is led by partners John
W. Copeland, Rich Gill and Sean Bresnan. For more information, please
visit www.wealthpcg.com.